In a recent special report posted on The Wallstreet Transcript, Kevin W. Sterling, CFA, Senior Vice President and Senior Equity Research Analyst in the transportation services group at BB&T Capital Markets discussed how Ryder Systems’ uptick in demand for both their leasing and commercial rental business, is an indication of new economic cycle.
In this exclusive report, Sterling describes how the commercial rental business is growing indicating small businesses that operate a fleet of trucks are starting to get busier, but that small business owners are still not willing to commit to purchasing a new truck or signing a long-term lease. Sterling says that instead of buying equipment, the small operators are continuing to use commercial rental in case the demand is only temporary. He also describes the strong surge in commercial rental experienced over the past nine to twelve months.